Premarket movers: Mag 7 stocks are mostly lower: Nvidia (NVDA) climbs 0.9% after its board authorized an additional $150 billion under the company’s existing share repurchase program, increasing the total remaining amount authorized to $235 billion (Meta Platforms (META) -2.5%, Alphabet (GOOGL) -1%, Amazon (AMZN) -0.7%, Tesla (TSLA) -0.5%, Microsoft (MSFT) -0.5%, Apple (AAPL) -0.3%) Precious metals miners are broadly lower, following a drop in gold and silver prices as persistent tensions in the Middle East push up government bond yields and dent the appeal of non-yielding metals. Shares of oil majors rise. Kodiak Sciences (KOD) jumps 66% after saying the company has met key endpoints for both Zenkuda and tabirafusp-ted in the Phase 3 study in patients with wet age-related macular degeneration. NetEase ADRs (NTES) rise 4% after Morgan Stanley names it top pick among peers, expecting the firm’s new Ananta game to become a blockbuster launch and a core growth driver next year. SK Hynix ADRs (SKHY) drop 3% as reports of subsidiary Solidigm’s IPO plans trigger concerns over the rationale behind the move. Snowflake (SNOW), a maker of software that helps organize and analyze corporate data in the cloud, falls 4% as the company intends to offer $3.5 billion of convertible senior notes. Teleflex (TFX) inches 1.4% higher after BofA Global Research upgraded the medical device supplier to buy, citing upside to earnings.